From Tim McLaughlin: BOSTON (Reuters) – Three U.S. senators on Monday urged the Internal Revenue Service to crack down on a $1 billion-a-year subsidy for burning chemically treated refined coal, after a new study showed some power plants using the fuel produced surging amounts of mercury and smog instead of cutting pollution.
From Todd Shriber: Declining costs for alternative energy coupled with countries and states pushing for increased use of clean energy sources are among the factors weighing on the global coal industry.
From Dana Lyons: An index of coal-related stocks is hitting key long-term resistance.
From Knowledge Leaders Capital: With energy setting records as the worst performing sector year-to-date, we were curious about Geopolitical Strategist Peter Zeihan’s thoughts on fossil fuels in the context of the United States’ continued retreat from the global theater.
Flanked by coal workers, President Donald Trump signed the American Energy Independence Executive Order last week, directing the Environmental Protection Agency (EPA) to review the Clean Power Plan, former President Barack Obama’s signature environmental policy.
The Market Vectors-Coal ETF (NYSE:KOL) has been one of the few bright spots in the energy sector so far this year, and the stars may be aligning for more short-term price gains ahead.
A segment of the Energy Equity market that was much maligned during the Obama administration that has been breathed new life is that of Coal.
From Zacks: Coal-focused ETF VanEck Vectors Coal ETF (KOL – Free Report) is set for an optimistic start to 2017 after around 100% jump in 2016. The black diamond has long been spiraling down due to the growing popularity of alternative energy sources. Global warming and high fuel emission issues associated with coal as well […]
Analysts at FBR Capital Markets on Wednesday offered some bullish commentary on the domestic coal markets, which have seen a steep recovery this year that’s been accelerated by Trump’s presidential victory.
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